The Just Dial share transfer disclosed in a BSE filing on October 5, 2026, increased V. S. S. Mani’s holding to 7.89%. Mani acquired 2,39,647 equity shares from Eshwary Krishnan through a gift on September 28, 2026, according to the disclosure dated October 2.

The transaction was an inter-se transfer between persons forming part of the promoter group of Just Dial Limited. The transferred shares represented 0.28% of the company’s diluted share capital. The filing stated that no consideration was involved, as the acquisition took place by way of a gift.

Mani submitted the report under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure sets out the completed acquisition, the exemption relied upon and the shareholding positions before and after the transfer.

How the shareholding changed

Mani’s holding rose from 64,68,187 equity shares, or 7.61% of Just Dial’s total share capital, to 67,07,834 shares, or 7.89%. Eshwary Krishnan transferred her entire disclosed holding of 2,39,647 shares, taking her individual holding from 0.28% to zero.

The transfer changed the distribution of shares between the two promoter-group persons. Their combined holding remained unchanged at 67,07,834 equity shares, representing 7.89% of the company’s total share capital, both before and after the transaction.

The number of shares actually acquired matched the proposed acquisition of 2,39,647 shares disclosed earlier. The percentage of diluted share capital acquired also matched the previously disclosed figure of 0.28%.

Exemption and disclosure timeline

The filing cited Regulation 10(1)(a)(ii) as the provision under which the acquirer relied on an exemption from making an open offer.

  • The proposed acquisition was disclosed under Regulation 10(5) on August 21, 2026.
  • The earlier disclosure indicated that the acquisition would occur on or after August 31, 2026.
  • The transfer was completed on September 28, 2026.

According to the report, the prior disclosure was made within the prescribed timeline to BSE, the National Stock Exchange of India and the Metropolitan Stock Exchange of India, where Just Dial’s shares are listed. Mani signed the completed-acquisition disclosure in Mumbai on October 2, 2026.